Mongoose said:

“Bet it settles down in the high end of the 8k range.”

My bet is it will rattle down to 7500 and buzz around there for a couple months. I’m ready to dive back in but first I need to figure out what a real bottom looks like. The DJI charts for the Great Depression are frightening. The initial sell off in 29 October 1929 was comparable to what we’ve just gone through. They had a “sucker’s rally” just like we did. The market then settle for a while and did a “dead cat’s bounce”. The real market catastrophe happened ***after*** the dead cat’s bounce when by July 1932 the market bottomed to 89% of its original value.

So the $64,000 question: “Is this just another recession or is this Great Depression-II?” If this is Great Depression-II then anyone who invests in the next two months will be cleaned out in about two years. However if this is just another recession then anyone who invests in the next two months will make a bundle in about 2-3 years.

The investment advice out there seems to come mainly from criminals, liars and idiots. It’s very difficult to gauge the truth because the signal-to-noise ratio is so terrible. Maybe I should hide my money under the mattress and forget about it.